Placing a buy order using the Auto Fibo Trend indicator.
How to place orders using the Auto Fibo Trend Indicator.
Fig.3. Placing a sell using the Auto Fibo Trend Indicator.
I am using Fibo extension to assist in entry areas.
Famous brokers in this area are FXPro, Fibo Group and HotForex.
In a new window, go to the second tab- Fibo levels.
Fibo CHINA integrates trade, education, and experience in the fitness industry.
Now click the right mouse button and
select the first option- Fibo properties.
Auto Fibo Trend Forex Indicator is a Metatrader 4(MT4)
indicator and the essence of the forex indicator is to transform the accumulated history data.
In both scenarios,
the resistance lines formed by the 78.6% and the 100% Fibo retracement lines are very solid
and setting the stop loss just above them will not jeopardize the trade.
Sales of the EUR/ USD pair will be possible with the
target of 1,1605 if the pair completes the closing under the Fibo level of 76.4%, with a Stop Loss order above 1.1675.
I have already been able to test more than 5 systems and I have learned all kinds of techniques using it- finding support and resistance, drawing trend lines,
practicing Fibo retracements and extensions.
Quit on August 29 from the Fibo level of 76.4% will allow traders
to expect a turn in favor of the EU currency and resumption of growth towards the corrective level of 100.0%- 1.1791.
Purchases of the EUR/ USD pair will be possible with the
target of 1,1791 with a stop loss order under the Fibo level of 76.4% if the pair retires from the correction level of 1.1675.